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House committee lays over optional property‑tax abatement for land banks (HF1006)
Summary
Representative Frank Norris introduced House File 1006 to let local governments optionally abate property taxes on parcels held by qualifying land banks, a measure intended to reduce carrying costs and promote affordable housing and main‑street redevelopment.
Representative Frank Norris presented House File 1006 (HF1006) to the House Taxes Committee as a voluntary tool allowing local taxing jurisdictions to abate property taxes on parcels held temporarily by qualified land banks. Proponents said the option would make it easier for land banks to hold and prepare properties for sale to mission‑oriented owners…
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